6061 Franklin Avenue

6061 Franklin Ave, Los Angeles, CA 90028, USA

For Sale

$3,900,000

Property Description

Marcus and Millichap is pleased to present a twelve (12) unit apartment building located at 6061 Franklin Avenue in Los Angeles, California. The subject property is positioned in a prime Gr eater Hollywood Hills location, north of Franklin Avenue and west of North Beachwood Drive.

In the rolling hills of Hollywood, you’ll discover no other than Hollywood Hills, one of the most affluent communities in Los Angeles, situated ten miles northwest of the city. Home to the infamous Hollywood
Sign on Mount Lee, this neighborhood boasts significant landmarks, breathtaking views, and famous rolling hills, which are a part of the Santa Monica Mountains. With attractions like Runyon Canyon Park, Lake Hollywood Park, Griffith Park, and the Hollywood Bowl, this neighborhood is one for the books. And directly south of town, you’ll find even more exquisite attractions like the Hollywood Wax Museum and Hollywood Pantages Theatre! North of Hollywood Hills, you’ll find the some of the city’s greatest attractions in Universal City. Discover Universal Studios Hollywood and its famous sites like the Wizarding World of Harry Potter and Universal CityWalk, a vibrant area of shops, restaurants, bars, theaters, and so much more. Upscale apartments and historic West Coast-style homes reside on spacious lots along rolling hills with scenic views of the city and the nearby coast. With shopping, restaurants, hiking trails, big cities, and famous landmarks within reach, Hollywood Hills is an ideal residential destination on the West Coast.

Built in 1954, this property contains a streamline unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with five (5) smaller, five (5) that are large, and two (2) large front units that
boast a private patio in the front of the building. Five (5) units will be delivered vacant. The whole building was fully renovated in 2015, now features a quality aesthetic with wood deco throughout, completed a
soft-story retrofit in 2021, is gated & secure with a recently re-tarred driveway, CCTV throughout the building, and an on-site laundry room. There are six (6) uncovered parking spaces and two (2) covered parking spaces available. There is an additional large storage unit with potential to convert to an ADU unit. Tenants will enjoy being within short walking distance to some of the best entertainment, retail, and restaurant amenities in Los Angeles. Some of the nearby amenities include the Hollywood Walk of Fame, Avalon Hollywood & Bardot, Gower Plaza Shopping Mall, Gelson’s Grocery, TAO, Katsuya Hollywood, Wood & Vine, Scum and Villainy Cantina, The Bourbon Room, and many more. A short drive up North Beachwood Drive and residents can experience outdoor recreation hiking the Hollywood sign and enjoying the quaint, laid back community at Beachwood Canyon.

Situated in a prime greater Hollywood Hills location, this offering presents an excellent opportunity for any investor to purchase a turn-key, quality aesthetic asset for immediate lease-up.

Contact Agent

Jason Tuvia

818.212.2735

Unit Mix

Twelve (12) One Bedroom / One Bathroom Units

Property Type

Multifamily

Submarket

Price

Size

5,306 SF

Total Units

Year Built

1954

Property Location

6061 Franklin Ave, Los Angeles, CA 90028, USA

Property Description

Marcus and Millichap is pleased to present a twelve (12) unit apartment building located at 6061 Franklin Avenue in Los Angeles, California. The subject property is positioned in a prime Gr eater Hollywood Hills location, north of Franklin Avenue and west of North Beachwood Drive.

In the rolling hills of Hollywood, you’ll discover no other than Hollywood Hills, one of the most affluent communities in Los Angeles, situated ten miles northwest of the city. Home to the infamous Hollywood
Sign on Mount Lee, this neighborhood boasts significant landmarks, breathtaking views, and famous rolling hills, which are a part of the Santa Monica Mountains. With attractions like Runyon Canyon Park, Lake Hollywood Park, Griffith Park, and the Hollywood Bowl, this neighborhood is one for the books. And directly south of town, you’ll find even more exquisite attractions like the Hollywood Wax Museum and Hollywood Pantages Theatre! North of Hollywood Hills, you’ll find the some of the city’s greatest attractions in Universal City. Discover Universal Studios Hollywood and its famous sites like the Wizarding World of Harry Potter and Universal CityWalk, a vibrant area of shops, restaurants, bars, theaters, and so much more. Upscale apartments and historic West Coast-style homes reside on spacious lots along rolling hills with scenic views of the city and the nearby coast. With shopping, restaurants, hiking trails, big cities, and famous landmarks within reach, Hollywood Hills is an ideal residential destination on the West Coast.

Built in 1954, this property contains a streamline unit mix of twelve (12) one bedroom / one bathroom units. The units vary in size with five (5) smaller, five (5) that are large, and two (2) large front units that
boast a private patio in the front of the building. Five (5) units will be delivered vacant. The whole building was fully renovated in 2015, now features a quality aesthetic with wood deco throughout, completed a
soft-story retrofit in 2021, is gated & secure with a recently re-tarred driveway, CCTV throughout the building, and an on-site laundry room. There are six (6) uncovered parking spaces and two (2) covered parking spaces available. There is an additional large storage unit with potential to convert to an ADU unit. Tenants will enjoy being within short walking distance to some of the best entertainment, retail, and restaurant amenities in Los Angeles. Some of the nearby amenities include the Hollywood Walk of Fame, Avalon Hollywood & Bardot, Gower Plaza Shopping Mall, Gelson’s Grocery, TAO, Katsuya Hollywood, Wood & Vine, Scum and Villainy Cantina, The Bourbon Room, and many more. A short drive up North Beachwood Drive and residents can experience outdoor recreation hiking the Hollywood sign and enjoying the quaint, laid back community at Beachwood Canyon.

Situated in a prime greater Hollywood Hills location, this offering presents an excellent opportunity for any investor to purchase a turn-key, quality aesthetic asset for immediate lease-up.

Contact Agent

Jason Tuvia

818.212.2735

(818) 448-4415

CalBRE #01772495

Unit Mix

Twelve (12) One Bedroom / One Bathroom Units

Property Details

Property Type

Multifamily

Submarket

Greater Hollywood Hills

Price

$3,900,000

Price per Unit

$325,000

Price per SF

$735.02

Status

For Sale

Size

5,306 SF

Total Units

12

Year Built

1954

Property Location

6061 Franklin Ave, Los Angeles, CA 90028, USA